Guideline Value for Sunguvar Street (Sunguvar Garden)

Sunguvar Street (Sunguvar Garden) guideline value

The current guideline value of Sunguvar Street (Sunguvar Garden) is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sunguvar Street (Sunguvar Garden) has changed

In the 2012 revision, the guideline value was Rs 6,000 per sq.ft. This figure decreased to Rs 4,020 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2024 revision, there was a significant increase of 64%, bringing the current guideline value to Rs 6,600 per sq.ft.

Overall, comparing the 2012 and 2024 revisions, the guideline value has seen a slight increase of 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2023 for Sunguvar Street (Sunguvar Garden).

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, which is equal to the current guideline value of Sunguvar Street (Sunguvar Garden).

• Sunguvar Lane: Rs 6,600 per sq.ft (2024)
• Suparigunta Street: Rs 5,500 per sq.ft (2024)
• Surappa Mudali Street: Rs 6,600 per sq.ft (2024)
• Sundaramurthy Vinayagar Koil Street: Rs 7,700 per sq.ft (2024)
• Subramaniya Vaidiyar Street: Rs 5,500 per sq.ft (2024)
• Sydoji Lane: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sunguvar Street (Sunguvar Garden)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sunguvar Street (Sunguvar Garden)?

The Sub Registrar Office that covers Sunguvar Street (Sunguvar Garden) is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Triplicane

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Triplicane. It serves as a benchmark for the valuation of properties, ensuring that the taxes are calculated fairly based on the established rates.

During the registration process, buyers and sellers must refer to the guideline value to ascertain the applicable fees. This value is essential for ensuring compliance with the local regulations and for the proper documentation of property transactions.

Frequently asked questions

What is the current guideline value of Sunguvar Street (Sunguvar Garden)?

The current guideline value of Sunguvar Street (Sunguvar Garden) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then increased to Rs 6,600 per sq.ft in 2024. This reflects a decrease of 33% from 2012 to 2017, followed by a 64% increase from 2017 to 2024.

What is the land classification for Sunguvar Street (Sunguvar Garden)?

The land classification for Sunguvar Street (Sunguvar Garden) is Residential Class I Type - I. This classification indicates the type of residential development allowed in the area.

Which office handles registrations for properties in Sunguvar Street (Sunguvar Garden)?

The Triplicane Sub Registrar Office handles registrations for properties in Sunguvar Street (Sunguvar Garden). The office is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in Triplicane?

Stamp duty for properties in Triplicane is calculated based on the guideline value or the sale price, whichever is higher. The current stamp duty rate is 7%, and the registration fee is 2% of the guideline value.